BUSINESS NEWS

Zimra top brass in smuggling racket

THE Zimbabwe Revenue Authority (Zimra) 10 top managers have been named in an alleged $3 million cooking oil and chicken smuggling racket, which was reportedly swept under the carpet.Documents gleaned ...

By Staff reporter | Published: 06 January 2019

BUSINESS NEWS

Zimra to collect $6,2bn in 2019

The Zimbabwe Revenue Authority (Zimra) plans to collect $6,2 billion from taxes this year, representing about 76 percent of the $8,16 billion 2019 Budget. With Zimbabwe's gross domestic product (GDP)&...

By Staff reporter | Published: 04 January 2019

BUSINESS NEWS

Revenue collections surpass $5 billion

ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shore up dep...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Zimra starts forex tax collection

The Zimbabwe Revenue Authority (Zimra) has started collecting taxes, especially Value Added Tax (VAT) and Pay-As-You-Earn (PAYE) in foreign currency from companies that collect payments in that curren...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Zimra targets ill-gotten wealth

GOVERNMENT has directed the Zimbabwe Revenue Authority (Zimra) to widen revenue collection measures including pursuing individuals who evade paying taxes. This was said by Secretary for  Finance ...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Zimra's US$7 billion forecast

The Zimbabwe Revenue Authority (ZIMRA) is projecting strong growth in revenue collection to at least US$7 billion within the next five years supported through their five year strategic plan  that...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Callisto Jokonya to lead Zimra Board

The Minister of Finance and Economic Development has announced a new 6-member ZIMRA board in terms of Section 5 of the Revenue Authority [Chapter 23:11] with effect from 19 December 2018.In a statemen...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Zimra revenue declines by $27 million

THE Zimbabwe Revenue Authority (Zimra) has recorded a decline of $27 million from commercial and vehicle imports in the first 10 days after Government legalised the payment of duty on specified goods ...

By Staff reporter | Published: 10 December 2018

OPINION

Digital tax headache for small economies

Taxation of digital services like Facebook, e-Commerce, cloud services, video streaming, Twitter and Google advertising is a complex global problem.Countries like Zimbabwe, which are beneficiaries but...

By Dr Dennis Magaya | Published: 09 December 2018

BUSINESS NEWS

Zimra targets $4,3 billion revenue

THE Zimbabwe Revenue Authority (Zimra) is targeting to collect $4,3 billion in gross revenue by year-end, up 8% compared to what was achieved in 2017, an official has said.Last year, the actual gross ...

By Staff reporter | Published: 02 December 2018

BUSINESS NEWS

Clearing agent sues Zimra

A LOCAL clearing company, Morris and Charts Enterprises (Pvt) Ltd, has taken the Zimbabwe Revenue Authority (Zimra) to court after the tax agency allegedly suspended the firm's account on allegations ...

By Staff reporter | Published: 30 November 2018

BUSINESS NEWS

'Trade in forex, pay tax in forex'

The Zimbabwe Revenue Authority has directed businesses that are trading in multi-currencies to remit taxes in the same currency in which the goods have been sold. "Zimbabwe Revenue Authority has notic...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Zimra mulls debt write-offs

THE Zimbabwe Revenue Authority (Zimra) says it is mulling several debt management strategies including write-offs following recent lapse of a tax moratorium.Highlighting tax defaults had continued ris...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

IMFpraises Zimra systems

A six-member International Monetary Fund (IMF) delegation says the Zimbabwe Revenue Authority (Zimra)'s systems and human capital are up to standard, although there is scope for further improvement.Th...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimra ordered to refund Zimplats $9,5m

ZIMBABWE Revenue Authority (ZIMRA) has been caught on the wrong side of the law in collecting revenue and the High Court has ordered it to pay back $9,5 million it unlawfully garnished from a local mi...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Sugar firm in $45m tax storm

Zimbabwe Sugar Sales (ZSS) Ltd, a company that sells and distributes sugar on behalf of Hippo Valley Estates and Triangle Limited, has been caught up in a $45 million tax evasion storm. The Zimbabwe R...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Bid to spite whistle-blower backfires on Zimra official

The Zimbabwe Revenue Authority (Zimra) has suspended its commissioner responsible for investigations Charles Jaure with immediate effect after he was implicated in a bribery case in which he allegedly...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

Zimra suspends senior official

The Zimbabwe Revenue Authority has suspended its commissioner responsible for investigations, Charles Jaure, with immediate effect after he was implicated in a bribery case in which he allegedly deman...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Zimra embarks on tax administration reforms

THE Zimbabwe Revenue Authority (Zimra) says it is ready to contribute to a "new dispensation" through tax administration reforms, which seek to simplify tax rules and help taxpayers to meet regulatory...

By Staff reporter | Published: 10 September 2018

BUSINESS NEWS

Zimra official in nasty tiff with tax whistleblower

AN acrimonious fight between a top Zimbabwe Revenue Authority (Zimra) official and a whistleblower has reportedly prejudiced the country of millions of dollars with the former allegedly slashing amoun...

By Staff reporter | Published: 10 September 2018

BUSINESS NEWS

Zimra to reform tax collection processes

THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax processes as part of measures to improve collections and expand the tax base.While collections have improved in the first ha...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Zimra adopts conciliatory approach

The Zimbabwe Revenue Authority (Zimra) says it has dumped its combative tax administration tactic in favour of a conciliatory approach whereby tax payers willingly comply with the dictates of the coun...

By Staff reporter | Published: 07 September 2018

POLITICS

Zacc probes Zimra official

THE Zimbabwe Anti-Corruption Commission (Zacc) yesterday said it was closing in on a top Zimbabwe Revenue Authority (Zimra) official implicated in a bribery storm after he allegedly demanded a bribe f...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Mnangagwa's position on Zimra tax penalties lauded

INDUSTRIES in Mutare, most of which are struggling to find their feet following years of economic recession, were left a relieved lot after they met President Mugabe who promised to put to an end the ...

By Staff reporter | Published: 27 July 2018

POLITICS

Zimra delay rattles Mnangagwa

A DELAY by the Zimbabwe Revenue Authority in clarifying tax issues around a $100 million commercial loan recently advanced by the British government, through the state-run Commonwealth Development Fun...

By Staff reporter | Published: 27 July 2018
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